NOT LISTED FOR SALE
-- Bed
-- Bath
30,096 Sq Ft
1.72 Acre Lot

Sale Details

Date Sold: April 30, 2024

Last sale price $1,650,000 $55 Per Sq Ft

85 Days on Market

Highlights

  • 1.72 Acre Lot
  • Brick or Stone Mason
  • Forced Air Heating System
  • Thermal Pane Windows
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of April 2024

30 Unit apartment complex. OPEN HOUSE THIS FRIDAY FEB 9TH 1 TO 3. This complex consists of 4 buildings. 3 of the 4 buildings have 24 identical units, 2 Bed/1 Bath. These Tenants pay electric and owner pays gas/heat, water and garbage. These rents vary, most are $750 to $900 per month with $900 target for all. The final building is a row of 6 Townhouses consisting of 3 - 3 bed/1 1/2 bath and 3 - 2 bed/1 1/2 bath. Target rents are $850 for 2 BR and $1000 for 3BR., current rents vary. Large parking lot and grass area for the tenants. Large basement for potential tenant storage and coin operated laundry. The 3 apartment building have 1 boiler each for heat, the townhouses have individual gas forced air heat per unit. We will schedule weekly showings until it sells. Monthly breakdown in documents.

Last Agent to Sell the Property

Jeff Smith

BHHS Professional Realty License #2016001649 Listed on: 02/01/2024

BHHS Professional Realty

Co-Listed By

Default zSystem

zSystem Default

Last Buyer's Agent

Mary Giles

North Bay Realty, LLC License #2020002240

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,622

Year Built

  • Built in 1969

Lot Details

  • 1.72 Acre Lot
  • Lot Dimensions are 358 x 209

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 30,096 Sq Ft Home
  • 2-Story Property
  • Thermal Pane Windows
  • Range

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Sump Pump

Parking

  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 5800549000

Community Details

Overview

  • 30 Units
  • Fairlawn Park Subdivision

Building Details

  • Operating Expense $44,200
  • Gross Income $290,088
  • Net Operating Income $245,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,622

Year Built

Built in 1969

Lot Details

1.72 Acres

Listing Details

  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 1.719
  • NAV29_Unit_1_Appliances: Range, Refrigerator
  • Total Gross Income: 290088
  • MLS Status: Sold
  • Subdivision Name: Fairlawn Park Subdivision
  • ResoBuildingAreaSource: Approximate
  • Carport Y N: No
  • Unit Levels: Two
  • Living Area: 30096
  • Window Features: Thermo Pane
  • Year Built: 1969
  • Tax Year: 2023
  • Master Plan Zoning: Local business and Multi-family resident
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Sump Pump
  • Basement: Full, Partial

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Basement

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Baseboard, Forced Air, Hot Water
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Schools

  • Junior High Dist: Sandusky

Lot Info

  • Lot Dimensions: 358 x 209
  • Lot Size Sq Ft: 74879.64
  • ResoLotSizeUnits: Acres
  • Parcel Number: 5800549000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 30
  • Net Operating Income: 245888
  • Annual Operating Expense: 44200

Tax Info

  • Tax Annual Amount: 26622

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 30, 2024
Sold by
Bought by
Seller's Agent
Jeff Smith
BHHS Professional Realty
Buyer's Agent
Mary Giles
North Bay Realty, LLC
List Price
$1,890,000
Sold Price
$1,650,000
Premium/Discount to List
-$240,000
-12.7%

Purchase Details

Closed on
Feb 25, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,750
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 19, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$868,000
Interest Rate
6.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.89%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Sandusky, OH

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,650,000 Southern Title
$1,125,000 None Available
$1,050,000 Louisville Title Agency For
-- None Available
-- Hartung Title
$100,000 None Available
$1,000,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,475,900
Previous Owner $843,750
Previous Owner $735,000
Previous Owner $868,000
Previous Owner $800,000
Previous Owner $465,000
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $1,650,000 -12.7% $55 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $1,890,000 -- $63 / Sq Ft
Source: Firelands Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,706 $98,969 $3,153 $95,816
2024 $5,706 $98,969 $3,153 $95,816
2023 $5,665 $88,850 $2,628 $86,222
2022 $6,113 $88,850 $2,628 $86,222
2021 $6,465 $88,850 $2,630 $86,220
2020 $6,382 $89,420 $2,630 $86,790
2019 $6,504 $89,420 $2,630 $86,790
2018 $6,468 $89,420 $2,630 $86,790
2017 $6,577 $89,200 $2,630 $86,570
2016 $6,557 $89,200 $2,630 $86,570
2015 $6,098 $89,200 $2,630 $86,570
2014 -- $88,200 $1,990 $86,210
2013 $6,070 $88,200 $1,990 $86,210
Source: Public Records

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Map

Source: Firelands Association of REALTORS®

MLS Number: 20240217

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